Banco Santander (NYSE:SAN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a buy rating in a report published on Thursday.

Other research analysts have also issued research reports about the company. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $4.62 on Thursday. The firm has a market cap of $73.11 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 0.44 and a beta of 1.14. The business has a 50-day moving average price of $4.89 and a 200-day moving average price of $4.86. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. Banco Santander has a twelve month low of $3.83 and a twelve month high of $5.27.

Banco Santander Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were issued a $0.08 dividend. This represents a dividend yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s payout ratio is 20.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Creative Planning lifted its stake in Banco Santander by 13.5% in the third quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock worth $6,843,000 after purchasing an additional 159,610 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Banco Santander by 24.4% during the second quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock valued at $7,583,000 after acquiring an additional 321,772 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Banco Santander by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after acquiring an additional 834,200 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of Banco Santander by 467.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 235,177 shares of the bank’s stock valued at $1,199,000 after acquiring an additional 193,767 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Banco Santander by 1.4% during the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after acquiring an additional 2,011,150 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.